BDP International implements blockchain solution
The global logistics provider BDP International is to be a launch partner in Vault by Chain.io, a compliance blockchain solution for logistics service providers and their customers. Vault is a secure, blockchain-backed digital locker for critical supply chain compliance records.
“Most of the world’s commerce is managed by text-based electronic documents or scanned images,” said Brian Glick, CEO of Chain.io. “Unfortunately, those records are susceptible to manipulation and therefore are an auditor’s nightmare. Vault by Chain.io solves this problem by providing a permanent, timestamped fingerprint derived from the data. If a letter in a document or pixel in an image is changed, then the fingerprint is immediately invalid."
Michael Ford, BDP’s chief compliance officer, stated: “The simplicity of integrating Vault with our existing platforms provides customers with an additional level of compliance.” (mw)